The Real Deal Miami

Midblock in Midtown Miami undergoes $3M renovations

13 units remain in the 173-unit building

October 23, 2015 10:30AM

  • Print
New putting green at Midblock

New putting green at Midblock in Midtown Miami

The developer and owner of Midtown Miami has completed a $3 million renovation to its amenities and common areas, Gold Krown Financial announced. 

Improvements to the 173-unit building include a redesigned rooftop pool deck with a lounge area, putting green and grilling station. The latter includes a bar area, Wolf appliances and sink. RS3 Design led the renovation, according to a press release.

“Midblock has been extremely appealing to buyers due to its competitive prices that are below market and lower than any pre-construction projects,” M. Ronald Krongold, managing partner of Gold Krown Financial, said in the release.

Prices for the remaining 13 units start in the low $300,000’s, a spokesperson told The Real Deal. Two-story townhomes start in the low $600,000’s.

Gold Krown, whose partners include Jeb Bush Jr. and Gary Goldbloom of MG Investments, acquired the 538 condominium units at the Midtown Miami complex in 2011. That purchase included 62 units at Midtown 2, 304 units at Midtown 4, and 172 rental units at Midblock East. Gold Krown converted the Midblock building to condos in 2013 and then launched sales.

Walmart and Hyde Midtown Suites & Residences are among the new projects coming to Midtown, is expanding with more retail, residential and office space. – Katherine Kallergis